The Norwegian Defence Industry – main figures for 2020

The figures for 2020 show that the sample of Norwegian defence companies delivers approximately 17% of the Norwegian Armed Forces' total materiel investments. The defence industry in Norway reports a growth in defence-related revenue of 20% from 2019 to 2020. The revenue in the Norwegian market increased by 15%, while the revenue from foreign customers increased by 21%. The increase in revenue from foreign customers is due to both an increase in revenue in foreign subsidiaries (5%) and an increase in exports (45%). The scope of research and development (R&D) increased by 26% from 2019 to 2020. The change is due to increased co-financed R&D, while self-financed R&D is unchanged. Purchasing costs decreased by 14% from 2019 to 2020. This cost reduction can be attributed to a reduction in purchases from foreign suppliers (-26%). The total number of defence-related full-time equivalents (FTE) increased by 10% from 2019 to 2020. The development shows an increase every year in the total number of defence-related FTEs since 2013.